12734 Sherman Way,North Hollywood, CA 91605
North Hollywood, CA 91605
Description
We are excited to present 12734-12740 Sherman Way, a prime investment opportunity in the heart of North Hollywood, priced at a 5.41% CAP Rate! The property spans 9,921 SF of buildings on 19,807 SF of LAC2-zoned land, fully leased with 5 tenants generating $33,950 in monthly rental income. Located just off the Sherman Way/Coldwater Canyon intersection, which sees over 48,000 vehicles per day, this property enjoys outstanding visibility and easy access to major traffic routes. The asset consists of three separate structures, totaling 9,921 rentable SF with the following tenants: 1) retail building leased to a floral tenant, 2) multi-tenant automotive structure with six double-wide doors and twelve bays, accommodating three auto repair tenants, and 3) rear building leased to an auto body tenant With a lot size of 19,807 SF, the property provides ample onsite parking and excellent ingress/egress for tenants and customers. The property has gone through significant upgrades, which include: 1) New roof on building 12740, 2) Significant roof upgrades on building 12734, 3) NEW HVAC on building 12734, 4) Title 24 compliance on building 12734, 5) significant sewer line upgrades, and 6) additional upgrades throughout! This unique investment opportunity offers a stable tenant base with a solid in-place yield at a 5.41% CAP Rate on current income, with the potential to achieve a 7+% CAP Rate at market rents. Contact the listing broker for additional information.
Details
| MLS# | 25525611 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1949 |
| Days On Site | 62 |
| Listing Provided By | Kidder Mathews of California, Inc. | Casey Lins |
Features
| SQ Feet | 9,921 |
|---|---|
| Story(s) | 1 |
| Units | 5 |
| Building(s) | 3 |
| Zoning | LAC2 |
| Acreage | 0.45 |
Exterior
| Security Features | Gated Community |
|---|
Location
| Community Features | Gated |
|---|
Market Activity 91605
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | North Hollywood |
| Zip Code | 91605 |
| Area | NHO North Hollywood |
| Listing VS Median (in 91605) | |
Price: $5,650,000 low | high Med: $810,000 SqFt: 9,921 low | high Med: 1,754 $ / SqFt: $569 low | high Med: $464 On site: 62 low | high Med: 23.000000 | |